Combining the trends of the AI computing explosion in the DePIN industry in 2026, the solid demand for storage, the scaling of DeWi, and the accelerated implementation of energy and the Internet of Things, we provide core bets and reasons layered by market capitalization, balancing certainty and flexibility.

1. Core Bets (Layered by Market Capitalization)

• Large Caps: RENDER, FIL, AR

RENDER: The AI content generation drives an explosion in rendering demand, with task volume increasing by 470% year-on-year in Q3 2025, and users exceeding 170,000; after migrating to Solana, transaction costs decreased by 99%, making it a certainty leader in the AI + DePIN computing track.

FIL: Decentralized storage shifts from "supplement" to "substitution," with enterprise migration costs reduced by 70%, and landing deals with large B clients such as short video platforms; in 2026, it will continue to benefit from the solid demand for data storage and the wave of Web2 migration.

AR: The "block weaving" achieves permanent storage, with the 2025 version of the protocol reducing costs by 40%, archiving over 14.27 billion pieces of data, making it a scarce asset in the Web3 "permanent memory layer."

• Mid Caps: HNT, AKT

HNT (Helium): A benchmark in the DeWi track, with hotspots exceeding one million, expanding into multi-protocol 5G/Wi-Fi; in 2026, it will be a core beneficiary of the decentralization scaling of wireless networks.

AKT: Decentralized computing middleware that adapts to multi-chain and enterprise-level needs, highlighting its value in the AI computing scheduling and DePIN middleware improvement.

• Low Caps: FLUX, PEAQ

FLUX: Decentralized cloud services that can compete with AWS and others, with the developer ecosystem expansion and cost advantages in 2026 driving accelerated growth.

PEAQ: Internet of Things DePIN, focusing on machine economy and trusted hardware, adaptable to landing scenarios such as supply chains and smart cities, with significant flexibility.

2. Overview of Betting Logic

• Prioritize AI computing (RENDER) and storage (FIL, AR), which is the largest incremental track in DePIN for 2026.

• In mid-cap, look at DeWi (HNT) and computing middleware (AKT), the core infrastructure for industry scaling.

• In small-cap, layout decentralized cloud (FLUX) and Internet of Things (PEAQ), capturing the flexibility of explosive sub-scenario occurrences.

3. Risk Warning

• Changes in regulatory policies, sustainability of token economic models, hardware deployment and operation costs exceeding expectations, and intensified competition from centralized service providers.